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Primary Bond auctions produce positive outcome
Daily FT
|March 13, 2026
Secondary Bond market yields hold steady as activity moderates
THE Treasury Bond auctions conducted yesterday produced a positive outcome, registering weighted average rates below or inline with prevailing secondary market level.
However, auction went undersubscribed only raising Rs. 87.02 billion or 66.94% out of Rs. 130 billion on offer at the first and second phases, across three available maturities. The bids received to accepted amount ratio stood at 2.45 times.
Maturity-wise the results were as follows:
The shorter tenor 01.03.30 maturity was issued at a weighted average yield of 9.63%, however went undersubscribed at the first and second phases.
The 15.06.34 maturity was issued at the weighted average yield of 10.70%. This tenor was also under-subscribed.
The longer tenor 15.08.36 maturity was fully subscribed at the 1st phase and issued at a weighted average yield of 10.80%.
This story is from the March 13, 2026 edition of Daily FT.
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